Capitaland: M+S (60% owned by Khazanah, 40% Temasek) has appointed Capitaland to oversee and develop the Ophir-Rochor site. The total GFA for the site is approx 160k sqm and consists of 2 land parcels. Temasek also owns 40.9% of Capitaland currently…
The other 4 land parcels in Marina South will be undertaken by Mapletree Investments. The total cost of both Marina South and Ophir-Rochor projects is expected to cost $11b and planning and design works on the sites began in 1Q this year...
Capitaland now trades at 0.9x fwd P/B and Citi maintained a Buy call with TP$3.53 on cheap valuations yday.
No comments:
Post a Comment